+--------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+--------------------------------------------------+
+---------------------------------------------------------------------+--------+
|1. Identity of the issuer or the underlying issuer of existing shares|Pace plc|
|to which voting rights are attached: | |
+---------------------------------------------------------------------+--------+
+------------------------------------------------------------------------------+
| |
|2. Reason for notification (yes/no) |
+----------------------------------------------------------------------------+-+
| |X|
|An acquisition or disposal of voting rights | |
+----------------------------------------------------------------------------+-+
| | |
|An acquisition or disposal of financial instruments which may result in the | |
|acquisition of shares already issued to which voting rights are attached | |
+----------------------------------------------------------------------------+-+
| | |
|An event changing the breakdown of voting rights | |
+----------------------------------------------------------------------------+-+
| | |
|Other (please specify):______________ | |
+----------------------------------------------------------------------------+-+
+---------------------------------------+--------------------------------------+
|3. Full name of person(s) subject to |Halifax EES Trustees International |
|notification obligation: |Limited |
+---------------------------------------+--------------------------------------+
| |TD Waterhouse Limited |
|4. Full name of shareholder(s) (if | |
|different from 3): | |
+---------------------------------------+--------------------------------------+
| |24 December 2009 |
|5. Date of transaction (and date on | |
|which the threshold is crossed or | |
|reached if different): | |
+---------------------------------------+--------------------------------------+
| |29 December 2009 |
|6. Date on which issuer notified: | |
+---------------------------------------+--------------------------------------+
| |3.10% |
|7. Threshold(s) that is/are crossed or | |
|reached: | |
+---------------------------------------+--------------------------------------+
+------------------------------------------------------------------------------+
|8: Notified Details |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares |
| |
+-------------+-------------------+--------------------------------------------+
|Class/type of|Situation previous |Resulting situation after the triggering |
|shares |to the triggering |transaction |
|If possible |transaction | |
|use ISIN code+---------+---------+---------+------------------+---------------+
| |Number of|Number of|Number of|Number of voting |Percentage of |
| |shares |voting |shares |rights |voting rights |
| | |rights | +---------+--------+------+--------+
| | | | | | | | |
| | | | |Direct |Indirect|Direct|Indirect|
+-------------+---------+---------+---------+---------+--------+------+--------+
|Pace plc |8,756,349|8,756,349|9,400,863|9,400,863| |3.10 | |
|Ordinary 5p | | | | | | | |
|Shares | | | | | | | |
|ISIN | | | | | | | |
|GB0006672785 | | | | | | | |
+-------------+---------+---------+---------+---------+--------+------+--------+
+------------------------------------------------------------------------------+
|B: Financial Instruments |
| |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
| |
+-------------+-------------+--------------+----------------------+------------+
|Type of |Expiration |Exercise/ |No. of voting rights |Percentage |
|financial |date |conversion |that may be acquired |of voting |
|instrument | |period/date |(if the instrument |rights |
| | | |exercised/converted) | |
+-------------+-------------+--------------+----------------------+------------+
|N/A |N/A |N/A |N/A |N/A |
| | | | | |
+-------------+-------------+--------------+----------------------+------------+
+-------------------------------------------------------+
| Total (A+B) |
| |
+-------------------------+-----------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------+-----------------------------+
| 9,400,863 | 3.10 |
+-------------------------+-----------------------------+
+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and /or |
|the financial instruments are effectively held, if applicable: |
+------------------------------------------------------------------------------+
|TD Waterhouse Limited (NatWest Stock Brokers) - Halifax EES Trustees |
|International Limited |
+------------------------------------------------------------------------------+
+------------------------------------------------------------------------+
| Proxy Voting: |
| |
+------------------------------------------------------------------+-----+
| 10. Name of proxy holder: | N/A |
| | |
+------------------------------------------------------------------+-----+
| 11. Number of voting rights proxy holder will cease to hold: | N/A |
| | |
+------------------------------------------------------------------+-----+
| 12. Date on which proxy holder will cease to hold voting rights: | N/A |
| | |
+------------------------------------------------------------------+-----+
+-----------------------------+------------------------------------------------+
|13. Additional information: |Shares held for the Pace plc Employee Benefit |
| |Trust |
| |-The Pace Approved Discretionary Share Option |
| |Plan |
| |-The Pace Unapproved Discretionary Share Option |
| |Plan |
| |-Deferred Share Bonus Plan |
| |-Pace Performance Share Plan |
+-----------------------------+------------------------------------------------+
|14 Contact name: |Dawn Edward |
| | |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|0794 3851769 |
| | |
+-----------------------------+------------------------------------------------+
[HUG#1368464]